Ft Alphadex Industrials Etf Fundamentals
| FHG Etf | CAD 61.85 0.13 0.21% |
FT AlphaDEX Industrials fundamentals help investors to digest information that contributes to FT AlphaDEX's financial success or failures. It also enables traders to predict the movement of FHG Etf. The fundamental analysis module provides a way to measure FT AlphaDEX's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to FT AlphaDEX etf.
FHG |
FT AlphaDEX Industrials ETF Price To Earning Analysis
FT AlphaDEX's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current FT AlphaDEX Price To Earning | 17.25 X |
Most of FT AlphaDEX's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, FT AlphaDEX Industrials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, FT AlphaDEX Industrials has a Price To Earning of 17.25 times. This is much higher than that of the FT Portfolios Canada Co family and significantly higher than that of the Sector Equity category. The price to earning for all Canada etfs is notably lower than that of the firm.
FT AlphaDEX Industrials Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining FT AlphaDEX's current stock value. Our valuation model uses many indicators to compare FT AlphaDEX value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across FT AlphaDEX competition to find correlations between indicators driving FT AlphaDEX's intrinsic value. More Info.FT AlphaDEX Industrials is rated # 4 ETF in price to earning as compared to similar ETFs. It is one of the top ETFs in beta as compared to similar ETFs totaling about 0.07 of Beta per Price To Earning. The ratio of Price To Earning to Beta for FT AlphaDEX Industrials is roughly 14.02 . Comparative valuation analysis is a catch-all model that can be used if you cannot value FT AlphaDEX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for FT AlphaDEX's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.FHG Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses FT AlphaDEX's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of FT AlphaDEX could also be used in its relative valuation, which is a method of valuing FT AlphaDEX by comparing valuation metrics of similar companies.FT AlphaDEX is currently under evaluation in price to earning as compared to similar ETFs.
Fund Asset Allocation for FT AlphaDEX
The fund consists of 91.59% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides FT AlphaDEX's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
FHG Fundamentals
| Price To Earning | 17.25 X | |||
| Beta | 1.23 | |||
| Total Asset | 23.34 M | |||
| Annual Yield | 0.01 % | |||
| One Year Return | 45.40 % | |||
| Three Year Return | 14.60 % | |||
| Five Year Return | 14.90 % | |||
| Ten Year Return | 12.40 % | |||
| Net Asset | 23.34 M | |||
| Last Dividend Paid | 0.045 | |||
| Equity Positions Weight | 91.59 % |
About FT AlphaDEX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze FT AlphaDEX Industrials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of FT AlphaDEX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of FT AlphaDEX Industrials based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The First Trust ETF seeks to replicate, to the extent possible, the performance of the StrataQuant Industrials Index , net of expenses. FIRST TRUST is traded on Toronto Stock Exchange in Canada.
Pair Trading with FT AlphaDEX
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if FT AlphaDEX position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FT AlphaDEX will appreciate offsetting losses from the drop in the long position's value.Moving together with FHG Etf
Moving against FHG Etf
| 0.85 | XHC | iShares Global Healthcare | PairCorr |
| 0.84 | HHL | Harvest Healthcare | PairCorr |
| 0.77 | ZUH | BMO Equal Weight | PairCorr |
| 0.67 | TCLB | TD Canadian Long | PairCorr |
| 0.36 | ZAG | BMO Aggregate Bond | PairCorr |
The ability to find closely correlated positions to FT AlphaDEX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FT AlphaDEX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back FT AlphaDEX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling FT AlphaDEX Industrials to buy it.
The correlation of FT AlphaDEX is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FT AlphaDEX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FT AlphaDEX Industrials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for FT AlphaDEX can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in FHG Etf
FT AlphaDEX financial ratios help investors to determine whether FHG Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FHG with respect to the benefits of owning FT AlphaDEX security.